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Buffett is best known as a value investor someone who buys companies he believes are undervalued. If you buy things for far below what theyre worth and you buy a group of them, you basically dont lose money, he explained on Adam Smiths Money World.


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Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, in 2008.
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Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, on May 3, 2008. Carlos Barria/Reuters
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